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Guarantee Funds for SME Loans
April 22, 2007 21:40

This paper deals with the establishment of guarantee funds for loans to SMEs, intended as a tool for improving their access to capital.

The Developing Capital Markets of Central and Eastern Europe
May 15, 2007 09:51

This presentation considers international tendencies of capital markets in Central and Eastern Europe.

Cross-border Risk Transmission by a Multinational Bank
May 15, 2007 09:51

The paper introduces a model of a multinational bank dependent on the specific human capital of the branch management.

Human Capital Mobility II
May 15, 2007 09:51

This paper shows different possibilities for the model specification of the basic mechanism to cover different links between human capital migration to the real wage.

Rethinking balance-of-payments constraints in a globalized world
May 15, 2007 09:51

This paper confronts the traditional balance-of-payments (BoP) analytical framework (with its dominant focus on the size of a given country’s current account imbalance and its external liabilities) with the contemporary realities of highly integrated international capital markets and cross-country capital mobility.

Sources for financing domestic capital - is foreign saving a viable option for developing countries
May 15, 2007 10:32

This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed.

Effects of the 2004 Personal Income Tax System Reform on the Shadow Sector in Ukraine
May 15, 2007 09:53

The paper researches the consequences of the pit reform of 2004 introduced on tax revenues, shadow activities, and income streams.

Kyrgyz Divisions Over Kazak Investment
May 15, 2007 09:54

The article analyses new phase of relations between Kazakhstan and Kyrgyzstan, especially, investments the Kazakh side is bringing into Kyrgyzstan. But critics say there is a risk that growing investment from Kazakhstan could lead to its economic dominance over Kyrgyzstan.

Theories of the Information Society
May 15, 2007 09:54

This book scrutinizes major contributions towards our understanding of information in the modern world. Each chapter looks at a particular theory and its most prominent proponents.

Information society - 2002, Issue 4
May 15, 2007 09:54

This scientific-analytical journal is a Russian publication that systematically and step by step considers the government policy in this field. This issue has the following table of content:

  1. Economy based on knowledge
  2. Socio-economic and social aspects of information society
  3. E-governance

Business environment and enterprise behaviour in East Germany compared to West Germany and central Europe
May 15, 2007 09:54

This paper examines the institutional differences between the former East and West Germany and four central European transition countries (the Czech Republic, Hungary, Poland and the Slovak Republic). Using enterprise survey data, the paper shows that the quality of institutions in the former East Germany still differs from that in former West Germany. It also finds that enterprises in the transition countries have compensated for institutional deficiencies by focusing on innovation and investment in human capital.

Ageing, pension reforms and capital market development in transition countries
May 15, 2007 09:54

This paper gives an overview of demographic trends and their impact on public finances in transition countries. It also describes the pension reforms that have been carried out and the impact of multi-pillar pension reforms on capital market developments.

Capital flight and capital outflows from Russia: symptom, cause and cure
May 16, 2007 14:41

Capital flight is a fuzzy and unhelpful concept. Russian capital outflows should be analysed in a wider context involving all major determinants of the risk and return faced by Russian savers and investors. Building saver/investor confidence and strengthening the credibility of policies and institutions are preconditions for enhancing the quantity and quality of domestic capital formation in Russia. As reforms progress (financial sector reforms and a fundamental overhaul of the public administration are key), Russian ‘capital flight’ is set to decrease gradually. Even so, it will remain a feature of the economic landscape for many years. Sharp one-off reversals in net capital flows could disrupt the macroeconomy. A capital repatriation amnesty could prove counterproductive.

Telecommunications performance, reforms, and governance
November 23, 2007 15:37

The authors assess the effects of private capital and independent regulatory agencies on telecommunications performance by using cross-country panel data from 1990 to 2003. In general, they find that having independent regulatory agencies positively affects affordability and labor productivity, but negatively affects quality.

Skilled migration: the perspective of developing countries
December 3, 2007 17:01

The authors focus on the consequences of skilled migration for developing countries. They first present new evidence on the magnitude of migration of skilled workers at the international level and then discuss its direct and indirect effects on human capital formation in developing countries in a unified stylized model. Finally they turn to policy implications, with emphasis on migration and education policy in a context of globalized labor markets.

What factors appear to drive private capital flows to developing countries? and how does official lending respond?
January 2, 2008 15:49

The authors study what drives private capital flows to developing countries, as well as the apparent response of official lending for the years 1978-97.

Raising Funds at Western Capital Markets: Opportunities for Belarusian Companies
January 18, 2008 16:42

This paper discusses the pros and cons of the use of foreign equity capital in the light of the efforts by Belarusian energy companies to seek finance on Western markets in order to stay competative

Regulation of Bank Capital and Behavior of Banks: Assessing the US and the EU-15 Region Banks in the 2000-2005 Period
January 18, 2008 17:37

The purpose of this paper is to assess and compare how American and European banks adjust their level of capital and portfolio risk under capital regulation, whether and how they react to constraints placed by the regulators. In order to do this, we estimate a modified version of the simultaneous equations model developed by Shrieves and Dahl.

The economy of Poland in 2004
March 3, 2008 14:00

Growth tendencies consolidated in the Polish economy in 2004. Increase of the gross domestic product was the highest in seven years.

The economy of Poland in the first quarter of 2005
March 3, 2008 14:20

A slowdown of dynamics in many important areas of the economic activity was observed in the first quarter of 2005 in comparison to high dynamics seen in the subsequent periods of 2004.